1603 Richmond DrBismarckND58504
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Bismarck at 1603 Richmond Dr, Bismarck, ND, 58504 listed at $349,900 pairs $2,461/mo rent with a $1,713/mo payment to leave $331/mo cash flow. Total monthly income runs $2,461/mo, and annual cash flow reaches $3,972/yr on $115,992 cash to close. Return on cash invested measures 23.33% in year one, and rental yield registers 8.44% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Five-year ROI tracks 121.11% and total cumulative return in cash totals $140,478. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,461/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58504, Bismarck, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,646 (100%) |
| Owner Occupied HU | 8,620 (68.2%) |
| Renter Occupied HU | 3,210 (25.4%) |
| Vacant Housing Units | 816 ( 6.5%) |
| Median Home Value | $329,709 |
| Average Home Value | $354,917 |
Housing Distribution
Address Breakdown
Residential
12,432
Single Family
8,904
Multi-Family
3,528
Businesses
1,122
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Listed by: DARREN SCHMIDT • Oaktree Realtors
Mls Name: Great North MLS
Mls ID: #4022551